1 Massey Square 408, Toronto E03

$429,000
1 Massey Square 408

$429,000

New
6d
Condo Apartment1 Storey/Apt

1 Massey Square 408, Toronto E03

Total Monthly Obligation $2,950

Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
6d
Score
19
Yield
7.1%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-E14090168
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 17, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$1,204.68 (2026)
Maintenance-$919/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Metal/Steel Siding
Possession-Immediate
Neighbourhood-Crescent Town
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 408 at 1 Massey Square, a spacious, renovated and bright 2-bedroom condo of approximately 1,002 sq ft in the sought-after Crescent Town community. Incredible value for such a large condo - definitely not a shoebox size! This south-facing, very nicely upgraded, carpet-free unit features an open balcony with green & terrace views, a generous combined living and dining area, and two well-sized bedrooms. Not all Massey Sq condos include the convenience of ENSUITE LAUNDRY and an ensuite locker, which this unit has! Vacant and available for immediate possession. Look at the nicely upgraded kitchen - stainless steel fridge, stove/oven, and range hood. One of the biggest advantages is the maintenance fee, which includes radiant Heat, Hydro, Water, Cable TV, & 1 offering exceptional value and convenience. Underground parking is included in the maintenance fee - and it's also optional. If you don't have a car, you can delete the included parking spot and the maintenance fee is reduced accordingly. Perfectly situated just steps to Victoria Park Subway Station via an elevated & safe pedestrian bridge, for quick access to Downtown Toronto. Everything you need is close by, including schools, daycare, grocery stores, pharmacies, banks, restaurants, community centres and places of worship. Enjoy easy access to Crescent Town Elementary School, Crescent Town Club, Oakridge Community Recreation Centre, Dawes Road Public Library, Danforth shops and restaurants inclluding Shoppers World mall, and beautiful outdoor spaces including Taylor Creek Park, Dentonia Park and the Taylor-Massey Creek ravine walking & cycling trails. Residents enjoy building amenities including an indoor swimming pool, fitness centre, visitor parking and 24-hour concierge/security. Don't miss this opportunity to own a spacious condo in a prime Toronto location with excellent transit, nature and everyday conveniences all nearby!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$343,200
Land Transfer Taxes$5,055
Legal Fees (Est.)
$
Total cash required for closing$92,355

Total Monthly Obligation

$2,950/mo
Mortgage $1,730
Monthly Loss $2,494
Principal$455
Interest$1,275
Property Tax$100
Condo Fees$919
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
9.2%30
10-Year IRR
10.2%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,480/yr
NOI
$12,799/yr
Net Cash Flow
-$664/mo
Cash Margin
-26.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1 Massey Square 408

Time

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Data last updated within the past 24 hours.